Large XRP holders sell off $800 million—will the price drop again?
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According to CoinWorld, the price of XRP is consolidating around $1.90 and has recently broken out of a descending wedge pattern. Although over 400 million XRP have been sold by large holders in the past month, on-chain data shows that these tokens have been absorbed by other major wallets, avoiding a broader supply shock. The XRP activity indicator has dropped to a three-month low, indicating that long-term holders are still holding on, which may help stabilize the market and lay the foundation for a recovery.
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